Rüdiger Dany, CEO of NEPI Rockcastle, has announced that he will leave the company in March 2026. The decision was made in agreement with the company’s Board of Directors. Dany stated that the early announcement is intended to allow sufficient time for the Board to appoint and transition a new CEO. He will remain in position to complete the 2025 financial year and present the full-year results, reflecting the impact of major acquisitions completed in 2024 and earlier strategic investments. Since Dany assumed the CEO role in February 2022, NEPI Rockcastle’s net operating income has increased by 58%, from EUR 347 million to EUR 547 million by the end of 2024, excluding energy revenues. Distributable earnings per share grew by 75%, from 34.42 euro cents to 60.17 euro cents. Over the same period, the company raised EUR 1.7 billion, including EUR 1.2 billion in debt and EUR 500 million in equity, notably through a EUR 300 million bookbuild in 2024. NEPI Rockcastle has made acquisitions totalling EUR 1.2 billion since 2022, with a focus on retail properties in Poland. The company maintained a stable loan-to-value (LTV) ratio of 32.1%, remaining below its 35% target. During his tenure, Dany also oversaw the establishment of NEPI Rockcastle’s renewable energy business, which is aimed at supplying electricity to its properties and tenants. The initial investment of EUR 34 million in Romania between 2022 and 2023 generated EUR 9 million in revenue by 2024. The company expects the renewable energy initiative to achieve returns higher than those of traditional retail developments. George Aase, Chairman of NEPI Rockcastle, thanked Dany for his contributions and confirmed that a search process for the next CEO has begun. The Board has engaged an executive search firm to evaluate internal and external candidates. Further updates will be provided once the appointment is made. NEPI Rockcastle is active across Central and Eastern Europe, operating a portfolio of shopping centres and maintaining a strong presence in retail real estate markets.